Coastal Credit Union Foundation and Partners Award

over $600,000 at Third

Annual ‘Power of Sharing’ Gala

Local Nonprofits are the Celebrated Recipients

RALEIGH, N.C. (May 25, 2018) – On Thursday evening, May 24^th, the Coastal Credit Union Foundation hosted and sponsored its third annual one-of-a-kind event – The Power of Sharing – highlighting the efforts of 25 area nonprofits. Coastal’s business partners and the Foundation awarded a just over $600,000 combined in charitable grants and in-kind giving to organizations that are making a significant impact in our communities.

Award recipients from this event were:

Business Partner Awards

A major part of the Power of Sharing Gala is the collaboration between local companies.  BASF, Blue Cross Blue Shield of NC, Citrix, Lenovo and the Coastal Credit Union Foundation brought resources together to make the lives of those who live and work in our communities better.  $60,000 was donated by these 5 organizations to create the following awards. 

Collaborative Award for Projects That Inspire Education

PTA Thrift Shop                           $25,000

Down East Partnership             $  5,000

Collaborative Award for Projects That Help the Financially Vulnerable

Meals on Wheels                                      $25,000

Community Empowerment Fund        $  5,000

As in past years, additionally, each organization recognized with a Power of Sharing award also received an IBM Impact Grant, allowing for their leadership to attend IBM’s “Becoming a Leader of Change” training, valued at a combined $32,000. This workshop is designed to provide a powerful look at increasing a leader’s awareness of necessary change management skills, as well as to provide insights on how to effectively implement new processes for making improvements within an organization.

The Coastal Credit Union Foundation itself recognized one organization in each of the 16 counties Coastal Credit Union serves with a ‘Hometown Hero Award’ of $5,000 each totaling $80,000 in donations. Recipients were:

This special award by the Foundation marks over $1M in lifetime grants since the Foundation was created in 2011.

Additionally, during last night’s event the United Way of the Greater Triangle and Leadership Triangle announced its new ’10 to Watch’ initiative created to develop the leaders and organizations who represent the future of the Triangle. The United Way has committed to investing $500,000 into the selected ’10 to Watch’ organizations, two-year grants of $25,000 to each of ten recipients. Coastal Credit Union announced its making the initial grant of $25,000 to help launch the program, and invites the business community to join them in making an impact.

The Power of Sharing was created in 2016 to bring different business partners together to demonstrate their commitment to bettering their communities through a collaborative funding forum. The goal was to recognize the tremendous impact that local non-profits are making throughout the community.

“Coastal Credit Union Foundation is proud to support and host this prestigious event for the third year,” says Chuck Purvis, President and CEO of Coastal Credit Union. “Recognizing the tremendous work of the nonprofit organizations in our community is an honor for us. To bring our business partners together to assist in this effort, and to make the significant impact we all do, speaks volumes for the care and concern we have for community and the families we do business with everyday.”

Partners included in last nights’ awards were: Blue Cross Blue Shield of North Carolina, BASF, Citrix, Duke Energy, IBM, and Lenovo. Former Raleigh TV Personality, Sharon Delaney McCloud served as emcee. Entertainment was provided by The Voice Season 13 finalist Brooke Simpson, and local Durham-based organization KidzNotes. The event took place at the Crabtree Valley Marriott in Raleigh.

For more information on The Power of Sharing Gala, please visit www.thepowerofsharinggala.org.

The mission of the Coastal Credit Union Foundation is to enrich the lives of our members and their communities by providing financial support to 501(c)(3) organizations, particularly in the 16-county market of Central North Carolina. Learn more at www.coastal24.com/foundation/.

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